Whale trader Loracle has fully closed an Ethereum short position of 15,335.3656 ETH, resulting in a loss of about $948,000. According to ChainCatcher, Loracle still holds short positions in HYPE, $KAITO, and $XMR ‌, with overall unrealized losses of about $491,000 and a return on investment of -3.18%. The remaining positions include a 2x leveraged HYPE short on 563,096.99 HYPE, with an unrealized loss of about $775,000; a 5x leveraged KAITO short on 701,405 KAITO, with an unrealized profit of about $303,000; and a 5x leveraged XMR short on 579.34 XMR, with an unrealized loss of about $19,000.

$ETH is trading near $1,920 with a modest 0.31% gain. The recovery is steady, but reclaiming $2,000 would make it much more convincing.

🚨 A massive deal from the investment giant! BlackRock clients have just poured $38.15 million into $ETH ‌ ‌ETH through their ETF 📈 This move reflects major institutional confidence in Ethereum and is considered a positive signal for the market despite the current volatility. What impact do you think this will have on ETH’s movements in the coming period? 👀